AMC has ended talks to acquire Cineworld’s theaters following another quarterly loss.
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Survey shows a Costco membership fee hike would face little resistance — we think so, too
Most American shoppers say they are willing to pay more for their retail club memberships — a sentiment that bodes well for Costco (COST).
Continue readingHome sales tumbled more than 7% in November, the 10th straight month of declines
Home sales dropped an unusually sharp 7.7% in November, as high mortgage rates and home prices keep buyers on the sidelines.
Continue readingH&M removes Justin Bieber merchandise following criticism from pop star
H&M will no longer sell a line of Justin Bieber merchandise after the musician told fans he didn’t “approve” of the clothing bearing his name […]
Continue readingJudge pauses SEC case in alleged NJ deli stock fraud in favor of criminal probe
A federal judge ruled that the SEC will pause its fraud case involving a New Jersey deli to avoid overlap with the DOJ’s ongoing litigation.
Continue readingUnder Armour picks Marriott exec Stephanie Linnartz to be new CEO after seven-month search
Under Armour ended its seven-month search for a new CEO by announcing that it had hired Marriott executive Stephanie Linnartz to take the job.
Continue readingWall Street analysts are more confident in Nike’s outlook after strong earnings, improving inventory
Nike reported a surprise beat, and has made progress on clearing its inventory backlog.
Continue reading5 things to know before the stock market opens Wednesday
Here are the most important news items that investors need to start their trading day.
Continue readingJefferies downgrades Starbucks, says recession could hurt consumer spending in 2023
The firm is concerned a recession could hurt discretionary spending and same-store sales at the coffee chain.
Continue readingI drove hundreds of miles ‘hands-free’ in GM, Ford and Tesla cars – here’s how it went
CNBC’s Michael Wayland recently tested “hands-free” systems from Tesla, GM and Ford. Theirs are among the most readily available and dynamic on the market.
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